Dear All,
Fact of Case: A Private Limited Company having Rs. 1 crs. of paid up share capital and Rs. 2 crs. of reserves & surplus. The Company is in the process of conversion into LLP. The company is registered in Mumbai ROC and will be remain in preview of Mumbai ROC.
Query: Whether stamp duty on conversion is payable. What is incidence of that? If yes, at what rate or what is slab for that?